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Pfizer has alleged that Moderna's patent offers nothing new over publications and patent applications from scientists whose research was crucial for developing COVID-19 vaccines. (Jonathan Raa/Sipa USA via AP Images)

Pfizer Says Moderna mRNA Patent Offers Nothing New

Pfizer urged a London court on Tuesday to revoke one of Moderna's patents for the mRNA vaccine, kicking off the U.K. arm of the global litigation campaign over the central intellectual property behind the COVID-19 jabs.

Top Stories

Gender Wage Gap Begins At Start Of Career, Bar Council Says

Junior woman barristers in their first three years of practice earned an average of 13% less than their male colleagues in 2022, showing a slight improvement from the 17% disparity the year before, a Bar Council report published Tuesday found.

Tesco Can't Renege On Pay Pledges, Union Tells Top UK Court

Retail giant Tesco violated workers' contracts when it "fired and rehired" them so it could remove what it described as a "permanent" pay supplement, a British trade union argued to the U.K. Supreme Court on Tuesday.

Weil-Led PE Firm Buys Audio Tech Biz Audiotonix

French private equity firm PAI Partners said Tuesday that it has agreed to acquire a majority stake in British audio technology business Audiotonix from its rival investment firm Ardian, in a deal guided by Weil Gotshal & Manges LLP.

Panasonic Accused Of 'Illegitimate Pressure' In Patent Fight

Chinese electronics giant Xiaomi asked a London court on Tuesday to prevent Panasonic from suing it in overseas jurisdictions amid a patent dispute, arguing that its Japanese rival is using the threat of injunctions to put pressure on it to accept a licensing deal.

Freshfields-Led JD Sports Agrees To Buy US Rival For $1.1B

JD Sports said on Tuesday that it has proposed to buy U.S. athletic fashion retailer Hibbet Inc. for approximately $1.08 billion as the U.K. sportswear store chain eyes expansion in the American southeast.

Top UK Court Blocks Gazprom Unit's Russian UniCredit Claim

Britain's highest court upheld an injunction on Tuesday barring a Gazprom subsidiary from pursuing a €450 million ($480 million) claim against UniCredit Bank AG in Russia after the German lender withheld financing for the construction of gas processing plants because of sanctions.

Pfizer, Moderna Set To Tee Off Over COVID-19 Vaccine Patents

A London court is poised to consider Tuesday whether Pfizer infringed patents that Moderna initially pledged to not enforce, marking the first time a court has weighed in on the topic.

Trader Behind £1.4B Tax Fraud Thought Trades Were Valid

A British trader accused of being the mastermind of a fraudulent trading scheme that cost Denmark's tax authority £1.4 billion ($1.7 billion) genuinely believed that the trades worked, his lawyer told a London court on Monday.

Leaked Doc Undermines Court's Libor Findings, Hayes Says

A leaked document from Britain's former banking trade association casts doubt over a key finding in the Court of Appeal's decision to uphold the convictions of two traders jailed for rigging interest rate benchmarks, one of the men claimed Monday.

EU Threatens To Suspend 'Addictive' TikTok App Features

The European Commission warned TikTok on Monday that it may suspend a key feature of the video sharing platform's new app that rewards users for watching videos unless it addresses the watchdog's concerns about addictive elements of the new app and its risk to mental health. 

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